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Another system

6 Jul 2019

By Jerry Stickman
From Charles – Here's another betting system.

This also works for Place 6.

1) Walk up to the table with $38.
2) Place 8 for $30 and have $1.00 chip ready.
3) When the 8 gets rolled the first time, simply drop a $1.00 Chip to the dealer and press to $66.
4) Have your remaining $7.00 chips ready.
5) When the 8 gets rolled a second time, simply drop your remaining $7.00 chips to the dealer and press to $150.
6) When the 8 gets rolled a third time, simply ask the dealer to press to $300 (Dealer will hand you a $25.00 chip.

Now you have only $13.00 at risk. The rest is gravy.

Cheers!

Hi Charles,

Ah, another betting system designed to garner riches with little to risk to the player. Your betting system will, indeed, win a nice return for the player – if the 8 (or 6) hits four or more times without an intervening 7. It also limits the risk to no more than $38 if the 8 (or 6) hits twice.

Both of these are good traits, but what happens if the 7 rolls before the 8 hits the first time? Or the second time? Or the third time? Does the player leave the game? With your system, even if the 8 hits three times the player is still down 13 dollars.

It takes four hits to be on the plus side of the ledger (the player will have a profit of $337). While this system limits loss, it also takes a somewhat extraordinary series of events to make money.

Okay, let’s look at the math of this system.

  • One time out of 6 (16.67%) the player will lose $30 (7 out before an 8 rolls).
  • 71.75% of the time the player will lose $31 (one 8 before a 7 out).
  • 10.01% of the time the player will lose $38 (2 8’s before a 7 out).
  • 1.38% of the time the player will lose $13 (3 8’s before a 7 out).
  • 99.78% of the time the player will lose! That means the system wins only 0.22% of the time. Is that enough to overcome all the losses?

Another way to look at the system is by using the house edge of the bets. Whether system developers want to acknowledge it or not, the math of house edge is inviolable. Over time a craps player will lose the house edge on all money wagered.

A place bet on the 6 or 8 has a house edge of 1.52%. For every $100 wagered, the player will lose $1.52.

The problem with systems that immediately plow money from wins back on the table is the profits from wins are much farther apart. Even though the house has an edge on every bet (except the odds bet), putting money from wins back into the rack is a comforting feeling.

Granted, simply taking the money from a win rather than immediately adding it to the bet on the table will make future wins lower. But the future consecutive wins are much less frequent than the first win,

That being said, if getting a larger win is what the player craves and he or she is not bothered by losing almost every betting series, go for it. It is the players money to do with as they please.

I prefer taking my wins as they come and not increasing bets until I have some meaningful profits in my rack.

The way to have the best chance of winning in craps is to bet only the lowest house edge bets. The pass line, come, don’t pass and don’t come bets have the lowest house edge. Add odds bets to them and the house edge is well below one percent.

The only way to actually beat the house is to develop a controlled throw, and that takes a lot of work. There is no easy way to guarantee winning over time.

May all your wins be swift and large and all your losses slow and small.

Jerry “Stickman”

Jerry “Stickman” is an expert in craps, blackjack and video poker and advantage slot machine play. He authored the video poker section of "Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo, and Pai Gow Poker!" You can contact Jerry “Stickman” at stickmanjerry@aol.com

This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net.

Another system is republished from CasinoCityTimes.com.
 
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